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Determining whether to convert to a corporation or pursue another alternative is complex. In assessing the merits and timing of such a decision, management and trustees of an income trust must consider a number of factors, particularly strategic, tax, financial, market and legal considerations.

If you are one of the many US citizens contemplating renouncing your US citizenship, Congress recently sent a fairly clear message that now, as opposed to later, may be the right time to get out of the club.

Section 88(1)(d) of the Canadian Income Tax Act (the Act) provides the ability to "bump up" the cost of non-depreciable capital property (generally shares of subsidiaries, interests in partnerships or land) owned by a Canadian corporation, all of the shares of which are acquired in an arm’s length transaction.

Financial advisors face mounting pressure from low-cost online platforms, AI tools, and social media influencers. This analysis explores how advisors can identify and articulate their unique value proposition to justify their fees and distinguish themselves in an increasingly competitive marketplace.

Here are some tax basics and key planning strategies for three common estate planning scenarios that Canadians with U.S. connections regularly face.

ULCC Approves Report on the Proposed Uniform Income Trusts Act At its 2006 annual meeting, the Uniform Law Conference of Canada (ULCC) approved the recommendations set out in a comprehensive report entitled the "Proposed Uniform Income Trust Act"

On November 9, 2021, the Office of the Superintendent of Financial Institutions (OSFI) launched a three-month public consultation on a new Draft Guideline B‑13: Technology and Cyber Risk Management (Draft Guideline).

On October 3, 2019, the CSA published the Reforms to Enhance the Client-Registrant Relationship, Notice of Amendments to National Instrument 31-103 and Companion Policy 31-103CP (collectively, the Amendments).

Le repreneuriat s'impose comme un levier majeur du renouvellement économique au Québec, avec plus de reprises que de créations d'entreprise dans la dernière année.

The use of multiple wills in estate planning is not a new concept.

Overall, the amendments are a breath of fresh air in a regulatory environment that has become increasingly restrictive.

The Alberta Securities Commission (ASC) recently released its decision in the matter of Re Fauth, finding the respondent, Vernon Ray Fauth (Fauth),

Every director of a corporation, regardless of whether it is a publicly traded corporation or a closely held private corporation, is subject to a common law fiduciary duty to act loyally and in the best interests of the corporation.

There is a growing international movement to increase employee ownership of businesses. Some jurisdictions such as the United Kingdom and the United States have

This Advisory provides an overview of the legal concept of a trust, including its role in family wealth preservation and management.

On October 24, 2012, the Federal Minister of Finance released a detailed Notice of Ways and Means Motion to implement outstanding technical tax amendments, including significant amendments to Canada’s income tax rules applicable to non-resident trusts (NRTs) and offshore investment funds (the Proposals).

This Special Advisory provides an overview of the new rules regarding the taxation of testamentary and life interest trusts effective January 1, 2016, and how they may affect existing trusts...